Turkish stocks lose $12bn in market cap and lira hits record low as Erdoğan moves to run again in 2028

Turkish equities shed about $12 billion in market capitalisation and the lira fell to a record low against the dollar after Recep Tayyip Erdoğan moved to run for the Turkish presidency again in 2028. Senior adviser Mehmet Ucum said Erdoğan plans to run if parliament triggers an early election, which would be held on April 16, 2028, if 360 lawmakers back the decision.

Detected & updated continuously · Source: Nebula